Utah Home Sales Up in July - Utah Business

This is the biggest increase in sales since May of last year when buyers were rushing to finalize tax-credit-eligible transactions. Realtors During the month, Utah Realtors sold 2,686 homes compared to 2,307 sold in July 2010. In fact, year-to-date pending sales are outpacing the first seven months of last year by nearly four percent. This is the third straight month of double-digit gains in pending sales. The number of Homes for Sale at the end of July was 25,240, down 17. Combined with the pick-up in sales, it would now take 9. This is the lowest statewide reading for month’s supply since March 2008. However, prices have hovered around this level since January. During the last two months, we’ve seen better employment gains than we have in the past few years. More information about the association is available at UtahRealtors.